Big businesses with huge turnovers come under the focus of tax authorities. Tax filing is one of the biggest arduous tasks of a company and is usually seen as a very complicated affair. Plus, the laws of tax can vary from one scenario to the other, so it requires an in-depth knowledge of tax rules.
The Australian Tax Office, the entity that controls and runs federal taxes, is taking up stringent measures to examine the tax proceedings of any company. Therefore, it is high time that you paid attention to your tax outcomes.
Any case of evading taxes will be held in contempt by the tax authorities and the company heads might have to pay heavily if any such instance comes under the eye of the authorities. In such a situation, a tax dispute might surface any day.
Tax disputes should be handled by experts since tax itself is a dubious field. If an inexperienced person handles the tax dispute, then it will cost you more money in the long run and ultimately do you greater harm than good.
Tax disputes in Australia
Tax disputes are common phenomena in Australia which is a federation divided between two governments, that is, the federal government and the state government. The two governments handle and levy different types of taxes.
The maximum number of tax disputes happens when the taxpayer disagrees with the allegations of the federal or state tax departments. Unfortunately, it is the duty of the taxpayer to prove themselves free of all blame.
Most small-scale businesses and firms usually acknowledge the tax disputes and make necessary changes. But, the situation slightly changes when we talk about large businesses and firms, which mostly disagree with the ATO (Australian Taxation Office) changes and then get into a lawsuit. While some of the issues get solved in due course of time, some others remain unsolved and lead to litigation.
Measures to handle tax disputes effectively
The first and foremost step to be taken when dealing with tax disputes is to have consultation experts in this field at your disposal. Tax dispute lawyers will handle the legal and the practical ramifications of tax disputes and they will be able to handle such cases if and when the Australian Tax Office intervenes.
Expert advisors will help your firm with the managing of documents, appeals, applying for judicial review, the right time to make an FOI request, when to make an announcement to the Australian Securities Exchange, etc. They will be able to guide you in the best way to deal with the Australian Tax Office.
You can try to overcome the dispute through discussion with the ATO or you can take up the case to the Federal Court or the Administrative Appeals Tribunal. This decision cannot be taken by any person and needless to say, a wrong turn might lead your business to get totally disrupted with huge financial losses. This is why you should always consult an expert, tax dispute lawyers in Melbourne, who has the necessary skills, training, and can offer you the best judgement in a tax dispute.
Our tax disputes lawyers in Melbourne is the answer to all your tax disputes or anything related to law. If you require help with the management of the tax disputes in your firm by an expert, then feel free to contact our tax lawyers in Melbourne. The best part about our team is that we do not have any hidden charges and even offer a complimentary free consultation at your first meeting with us.
Only experienced people having high potential in solving disputes regarding law are allowed to be a part of our highly-skilled team. We understand the results of being irresponsive to the charges of the ATO and, therefore know the best possible ways to deal with such cases.
At times, you might submit a document with errors or might not provide accurate information. This might have grave outcomes that can cost your company heavily. We are sure that you would not want that and we offer our help to solve your tax disputes in various ways.
All our professionals have handled multiple issues related to law and tax disputes. They have been very instrumental in providing help and relief to all our clients. So, just give our tax dispute lawyers a call or contact us through our official website and we will reach out to you soon.